Triplex with Updated Building
New
For Sale
$690,000
6100 SW 37th Street, Davie, FL 33314
Three residences offer separate electrical meters, shared laundry, and two dedicated driveways.
Property Size2,002 SF
Price / SF$344.66
Days on Market4
Property Features for 6100 SW 37th Street
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Triplex
Site & Location
Neighborhood
Playland Village
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Amenities
shared laundry room
fenced back yards
Building Details
Year Built
1964
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Martin B Perdeck · License #0643344
(954) 558-6597
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Realty Group Inc
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Investment Insights
Based on property information with market context.
This 2,002-square-foot triplex in Davie contains one two-bedroom, one-bath unit and two one-bedroom, one-bath units. Features include tile flooring, functional kitchens, central air conditioning and newer water heaters in all three residences. The roof is 2 years old and has 25-year architectural shingles. Impact sliding doors and hurricane panels for the windows are also in place. City sewer serves the property.
Two separate driveways provide parking. A shared laundry room has a washer and dryer, along with its own electrical meter. Units 1 and 2 each have a fenced backyard. The property was built in 1964 and is currently occupied by month-to-month tenants. It is located in Davie, with highways and universities described as convenient to the property.
Two separate driveways provide parking. A shared laundry room has a washer and dryer, along with its own electrical meter. Units 1 and 2 each have a fenced backyard. The property was built in 1964 and is currently occupied by month-to-month tenants. It is located in Davie, with highways and universities described as convenient to the property.
Key Highlights
- One 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units
- 2,002 square feet; built in 1964
- Roof is 2 years old with 25‑year architectural shingles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,035
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,700
$440.7K
Cap Rate 7%
$314,786
$314.8K
Cap Rate 9%
$244,833
$244.8K
Market Conditions
NOI Build-Up for 2,002 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$954 −$0.48/SF
EGI
$31.5K $15.72/SF
− OpEx
−$9.4K −$4.72/SF
NOI
$22.0K $11.01/SF
Area
Davie, FL
Vacancy
2.94%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,700
Cap Rate 7%
$314,786
Cap Rate 9%
$244,833
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.4K – $367.3K
NOI $22,035 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 2.95%
Theoretical Best
Warehouse
$379.6K
$332.1K – $442.8K
NOI $26,570 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
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Business Placement
Demographics for 33314, FL
30,248
Population
12,041
Households
2.5
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
3,437
Density / Sq Mi
$63,791
Median Household Income
$36,733
Median Earnings
$2,034
Median Rent
$347,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer separate electrical meters, shared laundry, and two dedicated driveways.
Where is this triplex located?
The property is located at 6100 SW 37th Street Davie, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: One 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units; 2,002 square feet; built in 1964; Roof is 2 years old with 25‑year architectural shingles
